Tag: Fiscal

Though a major increase in the current exports of Pakistan can be attributed to a hike in cotton price in the international market resulting...

The conclusion of fiscal year 2010-11 on Thursday witnessed what market participants dubbed: the ‘artificial’ benchmark. KSE 100-share index, gained 29 per cent, including...

The hike in fuel and electricity prices pushed up the consumer prices to 13.9 percent on year-on-year basis, says the data released by the...

With the curtains drawing on FY11, the bulls led today’s trading session as the index climbed 72 points to close at 12,496 points. News...

Benchmark 100 witnessed mild correction after gaining 340 points in the previous three consecutive sessions backed by buoyant investor sentiments. Index closed at 12,464...

The government is likely to increase power tariff by up to 6 percent during the next fiscal year to bridge the gap between the...

The provincial health sector will not have any new development scheme in the next fiscal year, as the Health Department has not proposed any...

While admitting that the government had failed to achieve all of the key economic targets for the current fiscal year, Finance Minister Dr Abdul...

With the power subsidy escalating to Rs 128 billion during the July-May period of the current fiscal year the government has worked out a...

The gross domestic product (GDP) growth rate fell to 2.4 percent, almost half of the projected target of 4.5 percent, tax revenue in the...

The government has set the size of next fiscal year’s consolidated budget at Rs 3.85 trillion, as compared to Rs 3.39 trillion for the...

The Muttahida Qaumi Movement has agreed to rejoin the federal cabinet on condition that the government include maximum of its input on fiscal matters...

The National Assembly Standing Committee on Finance was told on Wednesday that the government was aiming to end all subsidies in the next fiscal...

India's central bank issued fresh limits for the federal government to borrow from the bank under Weighs and Means Advances (WMA) for the financial...

KARACHI - Disappointed with the Centre's reluctance to ensure smooth funding for the Larkana Industrial Estate (LIE), the Sindh government has decided to set aside Rs 2.40 billion in its fiscal budget 2011-12 in an attempt to ensure that the project sees the light of day, Pakistan Today has learnt. The LIE project came into existence soon after the Pakistan People's Party (PPP) accede to power, with President Asif Ali Zardari envisioning the scheme in slain party chairperson Benazir

KARACHI - The State Bank of Pakistan (SBP) has said that the failure of tax reforms programme and the flood relief expenditures have rendered the fiscal imbalance of Pakistan unsustainable. The SBP issued this stunning disclosure in its second quarterly report for 2010-11.
The report said that although fiscal indicators showed some improvement in the second quarter of FY11 with substantial growth in non tax revenues, the overall fiscal position during H1-FY11 deteriorated.

KARACHI - National Investment Trust Limited has announced the results of all funds under its management for the half year ended on December 31, 2010. This was stated by the Chairman and MD Wazir Ali Khoja in an issued press release.
During 1HFY11, NI(U)T has registered a phenomenal growth of 143 percent in net profit (excluding unrealised figures), which increased to Rs 2,762 million (earning per unit of Rs 2.35) from Rs 1,135 million in 1HFY10 (earning per unit of Rs 1.09).